Samsung considering cutting Galaxy Gear 2 price

Industry insiders claim move is because execs are worried about Apple's iWatch

Samsung could dramatically cut the price of the Galaxy Gear 2 out of concern Apple's rumoured iWatch could be significantly cheaper.

The iWatch's launch date isn't known – never mind whether it even exists. However, that hasn't stopped executives at Samsung from rethinking the price point of its follow up to the original Galaxy Gear.

According to “local industry officials”, the company is concerned about the threat posed by Apple's iWatch. One of the major concerns, reports ZDNet Korea is that the iWatch could be significantly cheaper than the Galaxy Gear 2.

One of the main criticisms of Samsung's original Galaxy Gear is that it is simply too expensive for what it offers. It currently retails for £299 and requires a Samsung smartphone or tablet to fully function.